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Banks in talks with Shapoorji Pallonji Group to resolve RHFL impasse

Read more about Banks in talks with Shapoorji Pallonji Group to resolve RHFL impasse on Business Standard. An SP group source said the dues from Reliance Home Finance are to a joint venture company and not Shapoorji Pallonji alone

Reliance Housing Finance resolution likely to hit barrier due to Shapoori Pallonji Group s HC stay in 2019

ET Banking/Finance NEWS Powered by Reliance Housing Finance resolution likely to hit barrier due to Shapoori Pallonji Group s HC stay in 2019 SECTIONS Reliance Housing Finance resolution likely to hit barrier due to Shapoori Pallonji Group s HC stay in 2019PTI Last Updated: Mar 01, 2021, 11:00 PM IST Share Synopsis As per the stay obtained by SP Group, RHFL is prohibited from disposing, alienating, encumbering either directly or indirectly or otherwise part with the possession of any its assets, thus directly impacting the ongoing debt resolution. Getty Images Even as Reliance Housing Finance has got attractive bids under the corporate resolution plan that is in final stages, there could be barrier on a speedy resolution as the Shapoori Pallonji Group had in 2019 got an stay from the Delhi HC against the company to sell its assets, according to sources. Anil Ambani-controlled Reliance Home Finance Ltd (RHFL) is at the final stages of the

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